"I am deeply saddened by the passing away of Balasaheb Thackeray, the founder-president of the Shiv Sena.
The nation and Maharashtra have lost a great leader, whose robust patriotism matched his soaring popularity," Ambani said in a statement. "Thackeray's clear thinking, inspiring oratory and commitment to cause endeared him to the masses."

Tata Group chairman Ratan N Tata also expressed condolences. "Balasaheb Thackeray was a strong leader of his people - respected and admired by many. He was outspoken but driven by his principles," Tata said in a statement.

Industry chamber CII's director general Chandrajit Banerjee said: "It is unfortunate that the country has lost a great leader. He had known many industry leaders well and everyone acknowledges his contribution."